English version

junior debt

From Longman Business Dictionaryjunior debtˈjunior debt [uncountable]FINANCE debt that a borrower in financial difficulty will not repay until after other debts are repaid, or of which it will only repay a smaller percentageThe senior lender may require that no repayment of the junior debt whatsoever be made at any time until the senior debt is repaid in full. debt
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.